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THE INVESTOR
May 07, 2021

Market Now

Halla’s subsidiary sells W641.5b real estate

  • PUBLISHED :December 19, 2018 - 14:57
  • UPDATED :December 19, 2018 - 14:57
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[DISCLOSURE] Halla (014790) announced on Dec. 19 that its wholly-owned subsidiary Kecologis has decided to sell land and buildings worth 641.5 billion won (US$570.63 million) in Hwaseong, Gyeonggi Province to an SPC to “repay borrowings and to secure funds for investment.”

This amounts to 28.97 percent of its equity capital. 

By Hwang You-mee (glamazon@heraldcorp.com)
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